why fed is wrong and how do you take advantage

Fed decides to keep the size of its balance sheet which means it will use the proceeds from mature bonds to buy treasury. It gave out a wrong signal, which is that Fed is willing to monetize government debts as long as the economy is weak. This will lower the confidence in U$ globally. The benefits of lower interest rates and lower dollar are outweighed by future inflation. It creates a very difficult environment for savers and retirees.

The precious metals (gold and silver) will enjoy upward movements. High dividend companies are also good bets because the lower yield from treasury. Commercial real estate may benefit as well because of the lowering borrowing costs. The flattening of yield curve will make banks' life a bit more difficult.